During many years of industrial development, soil system was contaminated with large amounts of toxic metals. In order to investigate the mobility and availability of metals from soil to mushrooms, the content of 13 elements (Al, Ba, Cd, Co, Cr, Cu, Fe, Mn, Ni, Pb, Sr, Ti, and Zn), in caps and stipes of wild-grown edible mushroom Macrolepiota procera and soil substrates, collected from five sites in Rasina region in central Serbia, was determined. Soil samples were subjected to the sequential extraction procedure proposed by the Community Bureau of Reference in order to fractionate acid-soluble/exchangeable, reducible, oxidizable, and residual fractions. Metal concentrations were determined by inductively coupled plasma optical emission spectrometer and inductively coupled plasma mass spectrometer and the results subjected to multivariate data analysis. A principal component analysis distinguished mushrooms samples from different geographical areas and revealed the influence of soil composition on metal content in mushrooms. Hierarchical cluster analyses confirmed that the first three phases of extraction were the most important for metal uptake by mushrooms from soil. The bioconcentration factors and translocation factors for each metal were also calculated. These results showed that M. procera could serve as a good dietary source of essential elements, especially Cu, Zn, Mn, and Fe but the consumption of mushrooms may pose a health risk for consumers during the "season of mushrooms," due to the presence of cadmium.